Rock Island daily Argus. (Rock Island, Ill.) 1886-1893, 1887-11-28
" HERE'S RICHNESS"
Mint Director KimbalI Tells of the Couu-
try's Gold and Silver

WASHINGTON CITY, Nov. 25.-Dr. James
p kimball, the director of the mint in his
annual report for the fiscal year ended June
20, 1877. says the value Of the gold deposited
at the minis and assay offices during the
year was SIS 81, 013. In addition. there
were redsposits of the value of SIS, 1893. 706
making the total value of the gold deposited
SSY, 406, 40, against $40, ;p6. 1874 in 1856. The
value of the silver deposited and purchased
was 81, 15G 9iS In addition. there were re-
deposits of silver amounting to $462, lis,
making the total value of the silver depos-
tied and purchased, calculated at the coin
ing rate SIS, 2i9,03l, against 81, 9l1, 026 in
the preceding year. OF the gold deposited,
S32 40, or of domestic production, 81
81 3..e OF foreign gold bullion, 81, $50 5I2 of
foreign gold coin, S5lG 9S4 of United States
gold coin, and &, 255, 30 of old material,
The coinage of the year aggregated in
round numbers s. 800, 100 in gold pieces,
S3t, $50 GOO in silver, and 81 ,000, 900 in minor
coin. The total coinage aggregated S57, 7O2.-
4i3 In addition to the coinage $5S, 900, OUG
worth of gold and So, 00O, 600 Of silver bars
were manufactured
The silver bullion purchased during the
wear for silver dollar coinage wl.E So. 4:G3,
So The average cost was 9S cents per
fine ounce The average London price for
tine year was 9S "A cents per ounce A de-
cline in the price Of silver, commencing in
April, 1856 continued until August, when it
reached T. pence The price commenced to
advance in August, ISs6, and continued with
slight fluctuations, until it reached its high
est point on Jan .. 1887, +i}5 pence equiv
alent to 81 O53 per ounce fine, Another de-
cline commenced in January, continuing un.
til June, the average price for the latter
being ri. csnbs per ounce fine. The price on
Nov. l. 1885,, was sc 3 cents per ounce fine
During the year IS, 26G, S3l standard silver
dollars were coined; 1891, 93S were distrib-
uted from the minis, and II, 80, 900 trans
ferrel to the treasury. The seiginorage on
the silver dollars coined during the year was
81. 923 ;,5S, and on the subsidiary silver s3l.
7U4 The seigniorage on the coinage of silver
from July |, 1878, to June 30, 1851 was $780,
G57, 500
The number Of trade dollars redeemed I'M
der the law authorizing their redemption was
1853. OBS The trade dollars redeemed have
all been transferred to the minis or the assay
office at New York and melted into bars
ready for coinage The expenditures for the
service OF Iue minis ana assHy OIIlces during
the year was 81, $50 5l9. The total earnings
from all sources amounted to s.. S42, $40, and
the total expenses and Losses of all kinds to
81 Al, 432. The value of the gold and silver
bars issued from the United States assay of
flee at New York and the mint at Phla-
delphia for use in the industrial arts during
the year was s, S95, 40 gold, and 81 Al, $40
silver Gold coin and bullion exports during
the year aggregated 81 7Ol, lS7, while imports
reached 81, $40, COL Silver bullion and coin
exports aggregated sc, 30, 594, and imports
reached Sl7, 260, 1871.
The director estimates the STOCK of coin in
the United States to have been on July /,
1851 Gold, 5000 OOs, OG5; silver, s3l2, 5S7, 91e;
total, S9l ,545, $751;. In addition, there was
bullion in the minis as follows: Gold, so5,-
5l2 go; silver, $40, 455 So total, sos, 9G7 go
This, added to the stock of coin, gives as the
total metallic stock on July l. 1881: Gold,
s654 $40, 3sjj; silver, S352 500, $685. total, ST.
007, 5l3, gJ1
1he director estimates the stock of gold
and silver coin in the United States on Nov
l, 1887, to have been: Gold, $574 .g2a, S7S; sill
Yer dollars, 27I, no, 49, subsidiary silver,
S75, 75s, 1856; total coin, $j27, 1867
Revised estimates of the production of gold
and silver in the world for the calendar
years 1888 1884. 1855 and 1886 are prese nted
as follows: lSS3-Gold, s95, 81, 600; silver,
$3.50 600. lSS4-Gold, SOL, So, 00U; sill
yer, SID, DOL 900. 1ss5-Gold, slO2, 975, Quo;
silver, $l27, PSI 600 1SS-Gold, S97, 96l, 0u0;
silver, $50, 3S3, 900